Precigen Stock Market Value
| PGEN Stock | USD 0.91 0.05 5.81% |
| Symbol | Precigen |
Is Business Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Precigen. If investors know Precigen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Precigen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Precigen is measured differently than its book value, which is the value of Precigen that is recorded on the company's balance sheet. Investors also form their own opinion of Precigen's value that differs from its market value or its book value, called intrinsic value, which is Precigen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Precigen's market value can be influenced by many factors that don't directly affect Precigen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Precigen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precigen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precigen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Precigen 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Precigen's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Precigen.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Precigen on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Precigen or generate 0.0% return on investment in Precigen over 90 days. Precigen is related to or competes with CorMedix, Sangamo Therapeutics, Aptose Biosciences, Corvus Pharmaceuticals, Immutep, Agenus, and Marker Therapeutics. Precigen, Inc. discovers and develops the next generation of gene and cellular therapies in the United States More
Precigen Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Precigen's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Precigen upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 17.28 | |||
| Value At Risk | (6.54) | |||
| Potential Upside | 6.06 |
Precigen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Precigen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Precigen's standard deviation. In reality, there are many statistical measures that can use Precigen historical prices to predict the future Precigen's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.35) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Precigen's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Precigen Backtested Returns
Precigen maintains Sharpe Ratio (i.e., Efficiency) of -0.0403, which implies the firm had a -0.0403% return per unit of risk over the last 3 months. Precigen exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Precigen's Risk Adjusted Performance of (0.03), variance of 16.16, and Coefficient Of Variation of (1,857) to confirm the risk estimate we provide. The company holds a Beta of 0.64, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Precigen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Precigen is expected to be smaller as well. At this point, Precigen has a negative expected return of -0.16%. Please make sure to check Precigen's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Precigen performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Precigen has very weak reverse predictability. Overlapping area represents the amount of predictability between Precigen time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Precigen price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Precigen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Precigen lagged returns against current returns
Autocorrelation, which is Precigen stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Precigen's stock expected returns. We can calculate the autocorrelation of Precigen returns to help us make a trade decision. For example, suppose you find that Precigen has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Precigen regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Precigen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Precigen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Precigen stock over time.
Current vs Lagged Prices |
| Timeline |
Precigen Lagged Returns
When evaluating Precigen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Precigen stock have on its future price. Precigen autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Precigen autocorrelation shows the relationship between Precigen stock current value and its past values and can show if there is a momentum factor associated with investing in Precigen.
Regressed Prices |
| Timeline |
Pair Trading with Precigen
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Precigen position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Precigen will appreciate offsetting losses from the drop in the long position's value.Moving against Precigen Stock
| 0.43 | IKT | Inhibikase Therapeutics | PairCorr |
| 0.42 | FRTX | Fresh Tracks Therapeutics | PairCorr |
| 0.36 | XERS | Xeris Pharmaceuticals Buyout Trend | PairCorr |
The ability to find closely correlated positions to Precigen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precigen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Precigen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Precigen to buy it.
The correlation of Precigen is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precigen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precigen moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Precigen can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Precigen Correlation, Precigen Volatility and Precigen Alpha and Beta module to complement your research on Precigen. To learn how to invest in Precigen Stock, please use our How to Invest in Precigen guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Precigen technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.